DALLAS — Todd Brewer, partner for Orrick, Herrington & Sutcliffe’s public finance practice in Houston, began his career as a bond lawyer in the financially eventful year of 1987. That was the first year after the 1986 tax bill roiled the municipal bond market. It also coincided with an oil price collapse that devastated real
The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied
LedgerX thinks cryptocurrency traders should be able to assess bitcoin’s volatility. And, taking a leaf out of the stock market’s book, the derivatives trading platform has built an index to track this benchmark. The company announced Monday that it was launching the LedgerX Volatility Index (LXVX), which will track the expected volatility for bitcoin. The
Morgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December’s low, and it is very likely to retest that level. But the strategists, led by Mike Wilson, also say in a note that there is nothing to fear in a potential recession, and investors should “embrace it.”
Ethereum (ETH) is up over 71% for the month, as its devs prepare for its upcoming hard fork. The major hard fork was supposed to take place in 2018 but was pushed back. Since then, the whole Ethereum community has been steadily working to bring this thing to life. Now, it finally has an end
Home buyers could save a lot of money by working with agents who represent them solely, the Consumer Federation of America said today. Photo credit: GettyGetty A home buyer could lose big money by not working directly with an agent whose solely represents them, the Consumer of America warned today. A couple looking to buy a
Major Asian real estate developer CapitaLand said on Monday it has entered into an agreement to buy two wholly owned units from Ascendas-Singbridge, a subsidiary of Singapore state investment firm Temasek, in a cash and stock deal. If the deal is approved, the new entity would become Asia’s largest diversified real estate group, according to
After breaching key support on Sunday, emboldened bears could soon push bitcoin (BTC) prices back towards $3,100. The cryptocurrency closed yesterday (as per UTC) at $3,516, invalidating the bullish view put forward by the higher low of $3,566 carved out on Dec. 27. That move also added credence to the bearish reversal signaled by the
WASHINGTON – The Municipal Securities Rulemaking Board is expanding its stakeholder engagement efforts with multiple outreach events in the first quarter of the year. The MSRB on Thursday announced a schedule of events around the country in which members of its board will participate in the first quarter, part of an increased focus on market
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business. However, the
The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites. At press time, ETC is trading at an average price of $5.01 – down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap. ETC had fallen to
Check out the companies making headlines before the bell: Netflix — Shares of online streaming service rallied more than 2.5 percent in premarket trading Friday after both UBS and Raymond James urged clients to buy the stock. UBS hiked its rating on the stock to “buy” from “neutral,” writing that after six months of underperformance,
On Sunday, rumors spread around the community that there had been a double-spend attack on Ethereum Classic. The team behind the project immediately responded to the rumors, to ease investors. There have been rumors of a possible chain reorganization or double spend attack. From what we can tell the ETC network is operating normally. BlockScout’s
The once no-frills townhome has undergone dramatic makeovers and is finally ready for its close-up. Across the country, builders are rolling out luxury townhomes with increased square footage to emulate the space and feel of single-family detached homes. “There are plenty examples of townhouses being built as luxury homes,” says Robert Dietz, chief economist for
The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An adjustment was also made for the New Year’s Day holiday. Volume was
Vanguard Group will no longer allow individual investors to make new trades on certain investments that seek to magnify bets, pouring cold water on strategies that became popular after the last financial crisis. Starting January 22, customers won’t be able to purchase so-called leveraged or inverse products via Vanguard’s brokerage platform, the firm said in
WASHINGTON — As the days until rule changes requiring new continuing disclosures tick down, the Municipal Securities Rulemaking Board is adding its voice in an effort to prepare market participants for the new reality due to set in Feb. 27. The MSRB on Friday released its “10 Things to Know: New SEC Rule 15c2-12 Requirements,”
Call it the Apple turnover. Shares of the tech giant are down over 30 percent from its October high, shedding more than $400 billion in market capitalization from peak to trough. Apple‘s collapse comes amid growing fears over iPhone demand and trade tensions. Last week, the stock fell nearly 10 percent in a day, setting
Stocks are quickly closing in on an important level that some traders believe could make or break the market’s post-Christmas bullish run. The S&P 500 is poised to take aim at an extremely important level in the coming week. The 2,600 level has sucked in all sorts of market watchers — technicians and non-technicians alike
The highly anticipated Ethereum-based “stock” exchange, DX, launched this week! Despite the vast enthusiasm for the project, problems were immediately discovered regarding the company’s security. The launch on January 7th was only a soft launch, but traders aren’t pleased with the lack of security the platform has initially provided. Ethereum-Based DX.Exchange Flaws And we are finally
Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. With so much buzz around tokenized securities, compounded by strong progress from
In December 2018, Amazon made its long-awaited announcement of where its second headquarters location would be. Much to the competing cities’ surprise, the e-commerce giant chose to split “HQ2” between Long Island City, New York and Arlington, Virginia. Since the announcement, there’s been much speculation about the impact on the real estate and job markets
The U.S. housing market has become so cloudy that Lennar says it can’t give investors guidance for 2019. The second biggest homebuilder in the country by market value, second only to D.R. Horton, reported strong fourth-quarter earnings on Wednesday, but the company could only scratch its head when it comes to the future. “Due to
WASHINGTON — Millennials have an appetite for a slice of the muni bond market when it comes to investments in affordable housing, education or sustainable energy, something experts say is part of a trend of younger investors increasingly seeking those kinds of investments. The size of the global “impact investing” market doubled in the past
Part of the reason stocks have returned to normalcy after the market’s end-of-2018 carnage is a revival of the data center, CNBC’s Jim Cramer said Friday. After spending a week in San Francisco interviewing executives in the technology and health-care industries, Cramer, host of “Mad Money,” left the so-called Golden City with some key takeaways.
It’s Day 21 of the partial government shutdown. That ties the record for a standoff set in the 1995-96 budget battle between President Bill Clinton and House Speaker Newt Gingrich. We are now seeing a rash of analyst notes warning that this will soon start to affect different businesses. American Airlines shares fell Thursday because
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for
At this point, there doesn’t need to be a reason for Bitcoin price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that. There was no major market news reported, and despite this, Bitcoin price dropped 10%
Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———————————————————————————————— Since the end of 2018, price action has been demonstrably negative, which surprised many expecting the end of Q4 historical “pump” in prices. The price plummet appears largely driven by negative sentiment and swathes of selling pressure
GettyGetty Retention is key to property owners. It’s simple mathematics: It costs a property owner more money and resources to acquire a new resident or tenant than it does to keep one for an extended period. The occupant must be viewed as a customer, one whose needs should be examined and satisfied to the best